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Gold price and Silver price Market Trend review today July 6, 2012:
The dollar rose versus the euro, British pound and the Japanese yen during the last full trading session. Once again, the inverse relationship between the dollar and gold’s price trend presented during the last trading session and gold contract price settled lower on the day.
Both gold contract and silver contract prices finished the day on the negative side of break-even. Precious metals shares and prices fell back last session during the market rally for the U.S. dollar. Traders will watch closely to see if the federal stimulus news helps to support precious metal gold futures as we close out the week.
Gold contract price per ounce and silver contract price per ounce close review today:August contract gold closed the last session lower by .76 percent at 1,609.40 per troy ounce. Silver contract for September delivery finished the last trading session lower by 2.15 percent at 27.67 per troy ounce.
Spot gold price per gram and spot silver price per ounce trend review today July 6, 2012:
After last session close and prior to today’s opening bell, spot gold price per gram and spot silver price per ounce trends tracked lower. Spot gold price per gram posted at 51.24 and spot silver price per ounce posted lower at 27.45.
Camillo Zucari
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